Duplex with Tandem
For Sale
$719,900
332-334 Stevens Street, Lowell, MA 01851
Two-family property with separate entrances, utilities, porches, and basement access for each residence.
Property Size3,068 SF
Price / SF$234.65
Days on Market57
Property Features for 332-334 Stevens Street
General Information
Standard status
Active
Size
3,068 SF
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Building Size
3,068 SF
Year Built
1890
Buildings
1
Listing Agency:
Homeplace Realty, Inc.
(978) 454-7700
Listed By:
Borath L. Men · License #456001841
(978) 423-9750
Source:
Iverty
Added: Aug 10
Changed: Oct 4
Last Checked: Oct 4 at 9:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homeplace Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1890, this two-family duplex includes two residences, each arranged with 3 bedrooms, 1 full bathroom, a living room, dining room, eat-in kitchen, porch, and basement access. Separate front and rear entrances support distinct access for the units, while separated gas and electric service adds functional utility separation. The property is being sold in AS IS condition.
The home is located in the Highlands area of Lowell near the Lowell Connector, Route 3, and Route 495. Convenience stores, restaurants, UMass Lowell’s South Campus, and an MBTA bus stop are also identified nearby. On-site parking includes 5+ off-street tandem spaces.
The home is located in the Highlands area of Lowell near the Lowell Connector, Route 3, and Route 495. Convenience stores, restaurants, UMass Lowell’s South Campus, and an MBTA bus stop are also identified nearby. On-site parking includes 5+ off-street tandem spaces.
Key Highlights
- Two‑family duplex built in 1890
- Each unit includes 3 bedrooms and 1 full bathroom
- Separate front and rear entrances for the residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,788
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,760
$1.2M
Cap Rate 7%
$868,400
$868.4K
Cap Rate 9%
$675,422
$675.4K
Market Conditions
NOI Build-Up for 3,068 SF
Gross rent
$93.9K $30.60/SF
− Vacancy
−$7.0K −$2.30/SF
EGI
$86.8K $28.31/SF
− OpEx
−$26.1K −$8.49/SF
NOI
$60.8K $19.81/SF
Area
Lowell, MA
Vacancy
7.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,760
Cap Rate 7%
$868,400
Cap Rate 9%
$675,422
Alternative Uses
Best Use
Multifamily LT 5
$868.4K
$759.9K – $1.01M
NOI $60,788 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$781.8K
$684.1K – $912.1K
NOI $54,728 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.08M
$944.9K – $1.26M
NOI $75,588 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 01851, MA
32,691
Population
11,759
Households
2.8
Avg Household Size
34
Median Age
32%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
10,216
Density / Sq Mi
$87,962
Median Household Income
$46,388
Median Earnings
$1,686
Median Rent
$432,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate entrances, utilities, porches, and basement access for each residence.
Where is this duplex located?
The property is located at 332-334 Stevens Street Lowell, MA.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Two‑family duplex built in 1890; Each unit includes 3 bedrooms and 1 full bathroom; Separate front and rear entrances for the residences
